Recurring Deposit
A recurring deposit lets you save a fixed amount each month at a fixed rate. Enter the monthly deposit, rate and duration to see what it grows to at maturity.
Frequently asked questions
How does a recurring deposit work?+
You deposit a fixed amount every month for a fixed term. Each deposit earns interest from the month it is made until maturity.
What happens if I miss a deposit?+
Banks usually allow a grace period and may charge a small penalty. Repeated misses can convert the account to a regular savings account.
Is RD better than FD?+
RD suits regular savers who do not have a lump sum. FD earns slightly more on the same total because the full amount is invested from day one.